Monday, 5 December, 2022
TopicLoan waiver

Topic: Loan waiver

Canara Bank row has politicians mixing up loan write-offs with waivers. Here’s how they’re different

Last week, Canara Bank in an RTI disclosure said it has written off loans worth Rs 1.29 lakh crore in last 11 yrs. Opposition leaders then slammed govt over 'loot' of public money.

Supreme Court defers hearing on pleas on loan moratorium to 5 November

The pleas pertained to charging of interest on interest by banks on EMIs unpaid by borrowers after availing the loan moratorium scheme of RBI during 1 March to 31 August.

In ‘Diwali bonus’, govt waives interest-on-interest even for those who didn’t opt for moratorium

After its affidavit to SC, govt orders issues waiver norms including cashback by 5 November. All standard accounts up to 29 February eligible for benefits.

‘Their Diwali is in your hands’ — SC asks Centre to implement interest waiver at earliest

The SC has asked the government to fix a definite date for implementation of its decision to waive compound interest on loans up to Rs 2 crore for the six-month moratorium period.

Modi govt agrees in SC to waive compound interest on loans upto Rs 2 crore for 6 months

Finance ministry says relief to all borrowers will be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.

SC extends interim order on loan moratorium to 28 September, says keen to waive interest

Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.

India’s farm economy needs liberalisation, not periodic political charity

India has to turn its farm economy from a charity institution to a vibrant, self-sustaining growth sector.

Rahul Gandhi’s ‘Made in Mandsaur’ pitch is same old same old

The 50-word Edit — ThePrint view on the most important issues, instantly.

BJP’s Karnataka manifesto lures farmers with gold for brides, loan waiver and irrigation funds

The manifesto for the Karnataka assembly polls also promised to revive a scheme to protect cows.

On Camera

YourTurn

PM Modi pays tribute to Dr Rajendra Prasad on his birth anniversary

What explains Modi’s silence as states fight on, relations with Centre worsen

Whether it's Karnataka-Maharahstra or Assam-Meghalaya, Modi govt's reluctance to get dragged into border disputes is self-defeating.
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad | Reuters file image

Rupee falls to 81.75 against dollar, loss on stop losses and dollar outflows

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

Defence

Russian President Vladimir Putin with Chinese President Xi Jinping. (Photo Credit - Reuters)

In western arms sanctions on Russia, China’s arms industry could stand to gain

The arms export embargoes on Moscow could create an opportunity for Beijing to supply arms to countries like Myanmar, which are heavily dependent on Russian arms.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.